Your Scarcest Resource: Time is Money, but Few Organizations Treat it That Way

Overview

Most companies have elaborate procedures for managing capital. An organization's time, by contrast, goes largely unmanaged. Bain & Company used innovative people analytics tools to examine the time budgets of 17 large corporations and discovered that companies are awash in e-communications; meeting time has skyrocketed; real collaboration is limited; dysfunctional meeting behavior is on the rise; formal controls are rare; and the consequences of all this are few.Sponsored by join.me, the instant online meeting app, this Harvard Business Review article outlines eight practices for managing organizational time, including: make meeting agendas clear and selective; create a zero-based time budget; require business cases for all initiatives; and standardize the decision process. Forward-thinking companies that have brought considerable discipline to their time budgets have liberated countless hours of previously unproductive time for executives and employees, fueling innovation and accelerating profitable growth.Get your free copy now.

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